Post-Bell｜Dow Advances As Chip Giants Tumble, Ford And Coca-Cola Impress Investors

01 Stock Market

The U.S. major indexes closed as follows: Dow Jones up 1.03% at 52,747.32; S&P 500 up 0.21% at 7,428.78; NASDAQ declined 0.22% at 24,876.91. A late-session bid for defensive shares and upbeat industrial earnings helped the blue-chip benchmark outpace its peers, while technology names lagged.

Semiconductor-linked counters posted the day’s sharpest moves. Direxion Daily Semiconductors Bull 3× Shares (SOXL) fell 14.52% at $109.54 after a bruising sell-off in chipmakers, while its inverse fund Direxion Daily Semiconductors Bear 3× Shares (SOXS) jumped 14.45% at $62.87. Among megacap chips, Micron Technology (MU) declined 8.85% at $820.53 and Advanced Micro Devices (AMD) fell 8.15% at $454.62. Broader tech names showed mixed fortunes: Microsoft (MSFT) rose 1.09% at $393.35 and Alphabet (GOOG) advanced 1.85% at $332.60, while Tesla (TSLA) slipped 0.58% at $307.44. Apple stayed resilient, with AAPL up 0.94% at $340.08.

Rotation into defensive sectors tempered the tech-led pullback. Consumer-staples strength and robust earnings from select industrial names cushioned overall market declines in growth shares. Traders also positioned cautiously ahead of a packed week of mega-cap earnings releases and a key Federal Reserve policy decision, leaving intraday breadth uneven and volatility elevated.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 4.60%.

USD/CNH rose 0.02%, at 6.79; USD/HKD rose 0.00%, at 7.84.

U.S. Dollar Index rose 0.05%, at 101.44.

WTI crude futures rose 4.28%, at 82.65 USD/bbl; COMEX gold futures fell 0.52%, at 4,077.30 USD/oz.

03 Top News

1. Seagate projected stronger revenue on AI-driven demand. The storage maker sees fiscal first-quarter sales near $4.1 billion, topping LSEG estimates. CEO Dave Mosley cited heat-assisted magnetic recording technology and cloud customers’ appetite for high-capacity drives.

2. SK Hynix missed consensus as chip prices rose. Second-quarter revenue came in at ₩79 trillion, trailing the expected ₩84 trillion, though average DRAM prices jumped about 30% sequentially. Shares slipped over 3% in after-hours trade.

3. Iran’s missile launch toward a U.S. base was intercepted. U.S. officials told Reuters that ballistic missiles fired from Iran toward Jordan were shot down, briefly rattling futures and lifting oil prices. The incident underscores persistent Middle East tensions.

4. KLA beat forecasts but disappointed high hopes. Fourth-quarter revenue rose 15.1% to $3.66 billion, exceeding estimates, and guidance topped consensus, yet the stock fell about 9% on lofty investor expectations. Management highlighted AI-related demand in advanced packaging.

5. Saudi Arabia downed drones targeting key oil facilities. Riyadh said it intercepted multiple UAVs launched from Iraq by Iran-backed militias, vowing to respond “at the appropriate time”. The Eastern Province hosts much of the kingdom’s energy infrastructure.

6. Coca-Cola delivered sparkling results and a guidance lift. Second-quarter sales and earnings surpassed expectations, aided by new products like an extra-caffeinated Mr. Pibb and Sprite + Tea. Shares rallied nearly 5%, helping buoy the consumer-staples sector.

7. FTC reached a landmark antitrust settlement with Caremark. The pharmacy benefit manager agreed to measures aimed at lowering patient costs, boosting transparency and improving terms for community pharmacies. The deal marks the regulator’s latest move to curb drug-pricing intermediaries.

8. Ford topped estimates and raised its full-year outlook. Second-quarter operating profit hit $2.5 billion, beating forecasts, while 2026 guidance increased to $10-11 billion. Management cited resilient U.S. consumers but acknowledged ongoing EV investment losses.

9. Iran rejected Oman’s proposal to share control of the Strait of Hormuz. Tehran demanded a dominant position over key shipping lanes, stalling mediation efforts. The waterway handles about one-fifth of global oil flows, keeping energy markets on edge.

10. Mondelez outperformed expectations with steady snack demand. Second-quarter revenue reached $9.36 billion, beating LSEG estimates, as North American volumes rose and cocoa cost relief supported margins. The Oreo maker now targets up to 2% annual organic growth.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.